ISDA issued a set of guidelines intended to explain, for purposes of use in contractual technology solutions, core principles and terms used in the ISDA Master Agreement. The paper, among other things: summarizes the central elements of the ISDA Master Agreement; and sets forth considerations for technology developers relating to the various types of events that may occur under the ISDA Master Agreement, and how the occurrence of an event might impact their product, platform or solution. The paper is the second in a series. As previously covered, ISDA's first paper identified several

The Comptroller of the Currency, the Federal Reserve Board and the FDIC extended the comment period on a proposal allowing "advanced-approaches" banking organizations ( i.e., those with $250 billion or more in total consolidated assets, or $10 billion or more in on-balance sheet foreign exposure) to use an alternative approach for calculating derivative exposures under regulatory capital rules. The comment period deadline was extended from February 15, 2019 to March 18, 2019.

CFTC Chair J. Christopher Giancarlo praised the FY 2019 appropriations legislation, stating that the funding increase for the agency is a critical step in making the CFTC a "21st Century regulator for modern digital markets."

The Federal Reserve Board ("FRB") corrected an error in the Federal Register, which incorrectly stated the comment period for the FRB's stress test proposal was scheduled to end on February 19, 2019. The correct comment period deadline is March 21, 2019.

A U.S. information technology company agreed to pay $25 million to settle SEC charges for violating the anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act ("FCPA"). The SEC charged two of the company's former senior executives for allegedly facilitating a bribe to an Indian government official. According to the SEC Order, Cognizant Technology Solutions Corporation ("Cognizant"), acting through its executives in the United States and India: authorized and reimbursed contractors to pay $3.6 million in bribes to Indian government